Harvard Economist Advises Mitt Romney

One of the new appointees was N. Gregory Mankiw, author of the popular textbooks Macroeconomics and Principles of Economics and Robert M. Beren Professor of Economics at Harvard. Mankiw is also the former chairman of President George W. Bush's Council of Economic Advisors and author of a popular blog about economic policy issues.

In February 2004, the Council of Economic Advisors released a report (the Economic Report of the President) that sparked a contentious debate about offshore outsourcing. In a 2006 paper co-authored with Prof. Phillip Swagel, Mankiw comments on the controversy. The paper "examines the differing ways in which economists and non-economists talk about offshore outsourcing" and concludes that "empirical evidence to date, while still tentative…suggests that increased employment in the overseas affiliates of U.S. multinationals is associated with more employment in the U.S. parent than less."